Increasing numbers of Ritcey Team clients are asking us about the potential impact of the forthcoming U.S. Presidential Election.
The Scotia Wealth Management Global Portfolio Advisory Group recently issued (October 12, 2016) a briefing about the matter, entitled The Impact of the U.S. Elections on its Neighbours to the North.
Structured into five key sections: 1) Economic Policy 2) Taxes 3) Foreign Policy 4) Global Trade 5) Immigration, the document is an incisive analysis of the respective policies of Hilary Clinton and Donald Trump.
If it happens
October 13, 2016
John Henzl, a financial columnist for The Globe and Mail, offered some prescient advice recently (Report on Business, October 1, 2016) about how to prepare for the next financial crisis – if it happens. Now that ‘if’ is a big one, but market meltdowns are a bit like natural disasters – we’ve just been hit by the residue of Hurricane Mathew, after all – they’re often unpredictable and unavoidable. And while I don’t agree with all of Mr. Henzl’s suggestions, most of them make sense.
A market adjustment of any kind is not the time to assess: 1) whether your portfolio is suitably diversified and 2) structured according to your tolerance for risk. I do not advise my clients to own speculative shares in money-losing companies. Nor are their portfolios weighted too heavily in a single sector. Prudent diversification is crucial always, and never more so than right now.